Welcome to the world you created....
AI Gemini has a take on that; the U.S. under Biden. Unaddressed are the positive impacts of infrastructure spending and the huge corp. investments in semiconductor manufacturing spurred by the gov investment Bill in that sector. Both Bills eclipse anything accomplished by Trump. Compare all of the below to the shit show prevailing 4 years ago right now.
The U.S. economy is currently doing well, despite some recent slowdowns. Here's a quick rundown:
Growth: The economy continues to grow, though at a slower pace than in 2023. GDP growth is estimated around 3.6% for the upcoming quarter [3].
Consumers: Consumer spending is strong, fueled by rising wages [3]. This is a major factor keeping the economy out of recession [3].
Interest Rates: The Federal Reserve has been raising interest rates to combat inflation, but so far it hasn't significantly slowed economic growth [4].
The stock market is also doing well, reaching record highs in 2024 [3]. This is due to a combination of factors, including:
Strong Economy: As mentioned above, the healthy economy is a major reason for investor confidence [3].
Corporate Profits: Companies are reporting robust profits, which is positive for the stock market [3].
Federal Reserve Trust: Investors seem to trust the Federal Reserve's ability to manage inflation and interest rates [3].
However, there are also some potential risks to consider:
Inflation: While moderating, inflation is still a concern, and could worsen if not kept in check [3].
Interest Rates: Continued interest rate hikes could eventually slow economic growth or even trigger a recession [4].
Overall, the U.S. economy and stock market are in a good place right now, but there are uncertainties to watch out for in the future.